Tenant exposure
City of New York in CMBS
The trusts' filings name City of New York among the three largest tenants at properties securing 4 public CMBS loans with $416.7M outstanding. It is the largest tenant at 2 of them. 1 of those loans (26.6% of the balance) is delinquent or with a special servicer.
Every loan
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| Rentar Plaza | Queens, NY | Mixed use | $160.0M | 5.581% | Jul 2035 | 2.21x | 99% | Current |
| 1 Willoughby Square | Brooklyn, NY | Office | $125.0M | 6.786% | Jan 2031 | 0.97x | 91% | Current |
| 16 Court Street | Brooklyn, NY | Office | $111.0M | 4.171% | Nov 2027 | 1.25x | 70% | With the special servicer and 90+ days delinquent |
| 4055 10th Avenue | New York, NY | Office | $20.7M | 5.00% | Oct 2027 | 1.56x | 100% | Current |
Where City of New York is the largest tenant: lease end dates
| Property | Lease ends | Loan matures | Balance |
|---|---|---|---|
| 4055 10th Avenue | Sep 2032 | Oct 2027 | $20.7M |
| Rentar Plaza | Feb 2041 | Jul 2035 | $160.0M |
Red: the lease ends before the loan matures, the rollover a refinancing lender will look at hardest.
Filed names grouped here: City of New York; THE CITY OF NEWYORK. From each trust's ABS-EE filing (largest, second and third largest tenant fields). Pro will alert you when any of these loans changes.